Singapore: the best country for mobile app development
In the world of mobile applications, competition remains fierce. Developers from around the world are looking for places to bring their ideas to life and provide favorable conditions for the growth of their startups. In recent years, Singapore has become a kind of home for mobile app developers from all over the world. And this is not coincidental - the conditions for conducting IT business here are among the most comfortable in Asia. In the Tech in Asia ranking of the top 100 startups in Southeast Asia, about 20 companies are registered in Singapore.
Let's understand why more and more startups and technology companies are choosing Singapore:
Favorable Business Climate
Singapore is renowned for its innovation-friendly environment and active support for startups. There are various government programs and financial instruments here that help young entrepreneurs launch their projects.
By many measures, Singapore ranks among the top in the world - in terms of economic freedom, investor protection, and simplified taxation. The government here follows the principle of maximum support for businesses. Company registration takes just one day, and the corporate income tax rate is only 17%.
Conducive for Testing
Singapore is the ideal place for testing and launching mobile products. There is a high level of technological literacy among the population and fast mobile internet speeds. Additionally, there are numerous specialized usability testing centers.
Access to the Asian Market
Located right in the heart of this dynamic region, Singapore serves as an ideal platform for entering the massive markets of Indonesia, China, Malaysia, Thailand, and the Philippines. These countries show tremendous growth in the mobile segment.
According to various studies, China is the undisputed global leader in the number of mobile game users. The mobile gaming audience in China is estimated to be around 630 million people. For comparison, the United States has about 210 million such users. According to App Annie, by the end of 2020, China accounted for over 25% of global mobile game downloads and 35% of revenue from them in app stores.
Thus, Singapore combines favorable conditions for conducting IT business, active support for innovation, and the convenience of launching products in rapidly growing Asian markets. It is not surprising that an increasing number of mobile startups are eager to develop and scale their applications here.
If you are interested in starting your business in Singapore, contact IT-OFFSHORE specialists. Our lawyers have extensive experience in registering companies in the Singapore jurisdiction and obtaining the necessary licenses.